The Town House Company Buys Famous Glasgow Landmark
GLASGOW, Scotland, January 16, 2006. Luxury Edinburgh hoteliers, The Town House Company, have purchased one of Glasgow's most famous historical buildings, the former Royal Scottish Automobile Club in Blythswood Square. The deal includes plans to sensitively convert the landmark property - built in 1823 - into a luxury, 109-bedroom hotel, renovating the building to its former glory with conference facilities, restaurants, a bar and first class leisure club and spa.
Peter Taylor OBE, Chairman of The Town House Company, commented, "We have long admired this building for its location, historical importance and many fine architectural features. The chance to restore the property tastefully into a contemporary hotel, retaining its unique features and personality is a wonderful opportunity. It's a magnificent building and we're delighted to be the new owners."
A number of hoteliers and developers have expressed interest in the property since the RSAC building went into administration. With commercial property firm Rydens advising, The Town House Company made a swift unconditional offer for an undisclosed sum to secure the building which has been in family ownership since 2002.
Included in the development will be the restoration of the famous Rally Bar, named after the Monte Carlo Rally which once started from Blythswood Square. The building is also home to some of the finest Edwardian features in the city including extensive wood panelling, feature staircases, marble flooring, and numerous Art Deco fittings and fixtures. With four luxury hotels in Edinburgh, Channings, The Howard, The Bonham and The Edinburgh Residence, the Town House Company are best known for their tasteful recreation of historical buildings into contemporary, award winning hotels, each with a unique personality and style.
The news of the purchase has been welcomed by experts in the tourism and property industries. Scott Taylor, Chief Executive of Glasgow City Marketing Bureau commented, "There is a real demand for luxury accommodation in Glasgow and I am sure that this hotel will compliment our position as a city with style. Personally, I am very pleased that this building in the safe hands of Peter Taylor and his team." Work is due to start on the building in February 2006 with the hotel opening for business in late 2007.
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